Teletouch Communications, Inc. (OTCBB: TLLE), a leading U.S. cellular
services provider and consumer electronics distributor, today announced
that the Teletouch investor and analyst conference call scheduled for
tomorrow has been cancelled and will be rescheduled as soon as
practical, due to the currently ongoing nature of the Company’s
previously disclosed negotiations with the Company’s prospective new
lender.

This call will be rescheduled for no later than Tuesday, February 12th.
Further calling instructions will be provided by the Company by the
week’s end. Note: The results filed on Form 10-Q for the fiscal second
quarter ended on November 30, 2012, were released on Tuesday, January
22nd, and are available on EDGAR and the Company’s corporate website, www.teletouch.com.

About Teletouch Communications

For over 48 years, Teletouch
has offered a comprehensive suite of wireless telecommunications
solutions, including cellular, two-way radio, GPS-telemetry and wireless
messaging. Today, Teletouch is a leading Authorized Service Provider and
billing agent of AT&T
(NYSE: T) products and services to consumers, businesses and government
agencies, operating a chain of retail and authorized agent stores in
North and Central Texas under its “Hawk Electronics” brand, in
conjunction with its direct sales force, call center operations and
various retail eCommerce websites, including: www.hawkelectronics.com,
www.hawkwireless.com
and www.hawkexpress.com.

Teletouch's common stock is traded Over-The-Counter under stock symbol:
TLLE. Additional information about the Teletouch family of companies can
be found at www.teletouch.com.

All statements from Teletouch Communications, Inc. in this news release
that are not based on historical fact are "forward-looking statements"
within the meaning of the PSLRA of 1995 and the provisions of Section
27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. While the Company’s
management has based any forward-looking statements contained herein on
its current expectations, the information on which such expectations
were based may change. These forward-looking statements rely on a number
of assumptions concerning future events and are subject to a number of
risks, uncertainties, and other factors, many of which are outside of
our control, that could cause actual results to materially differ from
such statements. Such risks, uncertainties, and other factors include,
but are not necessarily limited to, those set forth under the caption
“Risk Factors” in the Company’s most recent Form 10-K and 10-Q filings,
and amendments thereto, as well as other public filings with the SEC
since such date. The Company operates in a rapidly changing and
competitive environment, and new risks may arise. Accordingly, investors
should not place any reliance on forward-looking statements as a
prediction of actual results. The Company disclaims any intention to,
and undertakes no obligation to, update or revise any forward-looking
statement.

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